S’pore to consider certain ICOs in a sandbox

SINGAPORE: Singapore’s financial regulator would consider trialing some initial coin offerings (ICOs) in a regulatory sandbox, if such fund-raising efforts are by companies focused on new technology that will improve the efficiency of capital markets.

The type of digital-token sale that the Monetary Authority of Singapore (MAS) would consider is one underpinned by technology that improves capital markets, for example smart contracts or something that can build a “smarter” initial public offering, MAS chief fintech officer Sopnendu Mohanty said in an interview yesterday.